Potential offtaker

PT Bank Mandiri (Persero) Tbk

www.bankmandiri.co.id

Estimated electricity consumption

N/A

Countries of production presence

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PT Bank Mandiri (Persero) Tbk is one of the largest banks in Indonesia, with a strong presence in the country's banking sector. The bank was established in 1998 and has since grown to become a major player in the industry, providing a wide range of financial services to customers across the country. With a focus on sustainability and decarbonisation, Bank Mandiri has been actively working towards reducing its carbon footprint and promoting the use of renewable energy sources.

Decarbonisation is a key focus for Bank Mandiri, as the bank recognizes the importance of reducing carbon emissions and mitigating the impact of climate change. In 2019, the bank launched its first Green Bond, which was aimed at financing projects that promote sustainability and decarbonisation. The bond was issued with a value of IDR 500 billion (approximately USD 35 million) and was oversubscribed by 2.5 times, indicating strong investor interest in sustainable investments.

Corporate energy is another area of focus for Bank Mandiri, as the bank recognizes the importance of managing energy consumption and reducing energy costs. The bank has implemented a number of initiatives to reduce its energy consumption, including the use of energy-efficient lighting and HVAC systems, as well as the installation of solar panels at some of its branches. These initiatives have not only helped the bank to reduce its carbon footprint, but have also resulted in significant cost savings.

Corporate Power Purchase Agreements (PPAs) are another way in which Bank Mandiri is promoting the use of renewable energy sources. A PPA is a contract between a renewable energy provider and a corporate buyer, whereby the buyer agrees to purchase a certain amount of renewable energy from the provider over a specified period of time. Bank Mandiri has signed several PPAs with renewable energy providers, which has helped to increase the use of renewable energy sources in the bank's operations.

Renewable energy is a key focus for Bank Mandiri, as the bank recognizes the importance of reducing its reliance on fossil fuels and promoting the use of sustainable energy sources. The bank has implemented a number of initiatives to increase the use of renewable energy sources, including the installation of solar panels at some of its branches and the signing of PPAs with renewable energy providers. These initiatives have not only helped the bank to reduce its carbon footprint, but have also helped to promote the use of renewable energy sources in the wider community.

In addition to its focus on sustainability and decarbonisation, Bank Mandiri is also committed to providing high-quality financial services to its customers. The bank offers a wide range of financial products and services, including savings accounts, loans, and investment products. The bank has a strong presence in the retail banking sector, with a large network of branches and ATMs across the country.

Bank Mandiri is also committed to promoting financial inclusion, particularly in rural areas where access to financial services may be limited. The bank has implemented a number of initiatives to promote financial inclusion, including the establishment of mobile banking services and the provision of microfinance loans to small businesses and farmers.

In conclusion, PT Bank Mandiri (Persero) Tbk is a leading bank in Indonesia, with a strong focus on sustainability, decarbonisation, and the use of renewable energy sources. The bank has implemented a number of initiatives to reduce its carbon footprint and promote the use of sustainable energy sources, including the issuance of a Green Bond, the implementation of energy-efficient measures, the signing of PPAs with renewable energy providers, and the installation of solar panels at some of its branches. In addition to its focus on sustainability, the bank is also committed to providing high-quality financial services and promoting financial inclusion in the wider community.

✓ Declared Net Zero commitment